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My studies indicate the same too. I think the market might start strong just as a follow through to today's action but the sellers will come out strong. The last 8 out of 9 days were down, so every one was expecting some type of bounce. I had tightened my stops on my short positions and got...

What a beautiful day!!! I had known that this day/ week was coming but somehow I managed to screw up but still made a little profit. Not too bad for screwing up. I think that it'll be a long cold winter. THE BULL IS DEAD. This is going to be the end of my journal. I will still answer any...

Entered short at 1217.00. The manufacturing numbers came goood yesterday but the market still managed to sell. I think the market might test 1050 area.

Got stopped out of the position at 1227.75. I had moved the stop up in the morning. Will short tomorrow morning. Hoping for the mid night rally to sell into.

What is the AAI sentiment poll and where can I get the info. Thanks.

Got stopped out of the position at 1232.25. Pretty wild day. The market started down in the morning but it managed to rally and rally big. This is an extreme momentum day. I actually went long at 1232.5 towards the end of the day. We had so many bad news but the market has digested it...

Still short here. I have a thousand reasons to be bearish: ie. high inflation, high energy costs, huge deficits and high valuation but I have another reason to be bullish here: ie the market is digesting everything well and still not going down. I guess that's what makes trading difficult and...

Still short here. At around 1.30-2 pm I wanted to exit out of my short position because the market started rallying even when there was bad news in the morning. If it had not sold off in the last hour I would have exited but since it sold off towards the end I stayed with the position...

Yeah, had a long day at work. Just got some time. What is your opinion about this market? Seems like you're still bullish. I'm kinda doubting myself too because the market has been able to handle all the bad news but I have to follow the plan. A 1% true buying day will make me exit out of my...

Wow, what a day!!! It wasn't too good for me and that's because of my fault. As you know that I have been short 1 contract from 1242ish and the other one at 1219.50. I exited out of one of those contracts last night and my plan was to sell in the morning but due to lack of discipline I...

I exited out of one of the positions at 1225.25 with a little loss. I'd still short again tomorrow but just did not want to carry that risk overnight.

Rubberbird for having the balls to call it beforehand. Go BIRD. I love to be on the same side as you are.

It was an alright day. The market went down to 1215 and I thought that it was going to go further down but it managed to rally after that. I moved my stops to 1227.75 on both positions. I had planned to exit out of one of the positions had it been an up day or a down day. It closed at 1220.5...

Is today going to be "THE DAY"?

Thursday's recap. I covered one of my short at 1214.75 on Wed. night, the market closed around 1220 so I was glad that I took some of the money off the table. I shorted one more contract at 1219.50. I usually like to wait for a 2 day pullback but today's action didn't seem so promising. I...

That's kind of what I was thinking too. If it is a down day I'll definately cover.

Actually I changed my mind. I closed one position at 1214.75. Net two shorts at 1242.75 and 1224.50, Covered one at 1214.75 and still short 1 contract. Although I feel that the market is headed a lot lower I have been burnt in the past when I did not take some money off the table. Just did...

It was a good day for me. I shorted another contract at 1224.50 in the morning. If tomorrow is a down day I'll close one at the EOD, if not I might wait till Friday.

I think we'll get to 1200 sonner than later. We'll take 1225 tomorrow. Although I'll have to admit that I was excited this afternoon, I have learnt to control it and get off the high horses. I do not kick myself for losing and I do not reward myself for winning. It's just another day.

What a beautiful day. I knew this was coming so I was pretty happy when it did. This is the first time in many months that most of the patterns that I trade have taken place. First we had a break in the Friday to Monday follow-through. Friday was a big up day but Monday was a down day...